GAY v. GAY'S SUPER MARKETS, INC.


343 A.2d 577 (1975)

Lawrence E. GAY v. GAY'S SUPER MARKETS, INC., et al.

Supreme Judicial Court of Maine.

August 13, 1975.


Attorney(s) appearing for the Case

Paine, Lynch, Weatherbee & Kobritz by Peter M. Weatherbee, Jordan I. Kobritz, Bangor, for plaintiff.

Eaton, Peabody, Bradford & Veague by Malcolm E. Morrell, Jr., John E. McKay, Bangor, for defendants.

Before DUFRESNE, C. J., and POMEROY, WERNICK, ARCHIBALD and DELAHANTY, JJ.


DUFRESNE, Chief Justice.

On appeal. This case involves an intracorporate dispute in which the plaintiff, Lawrence E. Gay, a minority shareholder, charges the board of directors with the use of illegal tactics calculated to drive him out of the ownership structure of the business organization.

Gay's Super Markets, Inc., incorporated under Maine law, may be described as a closely held corporation. A controlling interest (51% of the common stock) is owned by...

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